Algebris Investments (uk) Llp adds Voya Financial Inc (VOYA) to its portfolio

Voya Financial Inc (VOYA) : Algebris Investments (uk) Llp added new position in Voya Financial Inc during the most recent quarter end. The investment management firm now holds 234,950 shares of Voya Financial Inc which is valued at $7.1 Million , the company said in a statement filed on May 12, 2016 with the SEC.Voya Financial Inc makes up approximately 3.98% of Algebris Investments (uk) Llp’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp added VOYA to its portfolio by purchasing 16,422 company shares during the most recent quarter which is valued at $497,587.Snow Capital Management Lp boosted its stake in VOYA in the latest quarter, The investment management firm added 38,561 additional shares and now holds a total of 2,067,641 shares of Voya Financial Inc which is valued at $62.6 Million. Voya Financial Inc makes up approx 2.82% of Snow Capital Management Lp’s portfolio.Brown Advisory Securities reduced its stake in VOYA by selling 148 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 11,560 shares of VOYA which is valued at $350,268. Voya Financial Inc makes up approx 0.12% of Brown Advisory Securities’s portfolio.Ifp Advisors Inc reduced its stake in VOYA by selling 752 shares or 34.18% in the most recent quarter. The Hedge Fund company now holds 1,448 shares of VOYA which is valued at $43,715.Rhumbline Advisers boosted its stake in VOYA in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 158,783 shares of Voya Financial Inc which is valued at $4.8 Million. Voya Financial Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.

Voya Financial Inc opened for trading at $32.03 and hit $32.73 on the upside on Friday, eventually ending the session at $32.43, with a gain of 1.92% or 0.61 points. The heightened volatility saw the trading volume jump to 15,43,732 shares. Company has a market cap of $6,614,390 M.

On the company’s financial health, Voya Financial Inc reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.70.Analysts expectations of $ 2101.39.During the same quarter in the previous year, the company posted $0.82 EPS.

Investors should note that on Apr 27, 2016, Voya Financial Inc announced a cash dividend of $0.0100. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 29, 2016.

Many Wall Street Analysts have commented on Voya Financial Inc. Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Top Pick” and Lowered the Price Target to $ 42 from a previous price target of $46 .

Voya Financial Inc. is a retirement investment and insurance company. The Company provides retirement services annuities investment management services mutual funds life insurance group insurance and supplemental health products guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income equity multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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